What in the world do these acronyms mean?
Home Affordagle Modification Program
Home Affordable Modification Program
The Home Affordable Modification Program (HAMP), a national mortgage modification program,
provides eligible borrowers the opportunity to modify their first lien mortgage loans to make them
more affordable. Under HAMP, servicers apply a uniform loan modification process to provide
eligible borrowers with affordable and sustainable monthly payments for their first lien mortgage
loans. Affordability is achieved through the application of interest rate reduction, term extension,
principal forbearance and principal forgiveness.
To download the HAMP brochure, click here.
To download the HAFA information, click here.
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